{"id":64463,"date":"2020-09-23T15:41:00","date_gmt":"2020-09-23T13:41:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=64463"},"modified":"2020-09-22T16:35:17","modified_gmt":"2020-09-22T14:35:17","slug":"bao-solutions-receives-millions-in-investment","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/64463\/bao-solutions-receives-millions-in-investment\/","title":{"rendered":"Bao Solutions receives million-dollar investment"},"content":{"rendered":"<div class=\"entry-content\">\n<p>Conversion Intelligence is a software solution that helps companies conduct more successful business conversations. It systematically documents and analyzes conversations to improve sales conversations and increase the closing rate.<\/p>\n\n\n\n<p>With Bao&#039;s solution, companies can also leverage this in real time. The foundation for this is intelligent, interactive guides. <a href=\"https:\/\/www.bao-solutions.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Systematic learning is carried out from historical conversation data<\/a>, which allows for the consistent application of successful conversation paths. At the same time, Bao creates transparency about success factors in the sales process. This should enable companies to identify &quot;good deals&quot; and close them more efficiently.<\/p>\n\n\n\n<p>Conversion intelligence is already more widespread, especially in the US. This is reflected, among other things, in the startups operating in this field there. Gong.io recently received $200 million in fresh capital, valuing it at around $2.2 billion \u2013 just five years after its founding. <strong>Patrick Strunkmann-Meister<\/strong>, CEO of Bao Solutions, sees this primarily as an opportunity:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Unlike providers in the American market, we take a completely different approach: Instead of simply collecting large amounts of data by recording all conversations, we focus on the direct application of what has been learned during the conversation \u2013 in real time. To achieve this, we rely on an expert knowledge-based approach that enables structured learning and thus a steep learning curve within the organization. And, of course, our approach consistently takes European data protection regulations into account \u2013 keyword GDPR.&quot;<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">One million euros for Bao Solutions<\/h2>\n\n\n\n<p>The angel investors who have now invested a total of one million dollars in Bao include Alexander Bruehl as lead investor (The SaaSgarage and seed investor at Contentful, among others). <a href=\"\/en\/7577\/riskmethods-closes-six-million-dollar-financing-round\/\">Riskmethods<\/a>, Softgarden and <a href=\"\/en\/ecosystem\/map\/loyalty-prime-germany-gmbh\/\">Loyalty Prime<\/a>), Michael Kofluk (former Managing Partner BCG and Sovendus), Rainer Hoffmann and Thomas Zachau (founders H&amp;Z) and Michael Ohr (among other things startup mentor and coach of the UnternehmerTUM).<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThe market is incredibly dynamic. The CRM boom was just the beginning. Conversation Intelligence is the next step. Bao Solutions impresses with its team and approach across the board,\u201d<\/p><\/blockquote>\n\n\n\n<p>says investor <strong>Alexander Bruehl<\/strong>.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The salestech startup Bao Solutions develops conversation intelligence systems for sales conversations. Through successful collaborations with renowned clients such as Barmenia and Personio, the Munich-based company has now raised a seven-figure sum from business angels.<\/p>","protected":false},"author":33,"featured_media":64464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[4061,52],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bao Solutions erh\u00e4lt Millionen-Investment - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das Salestech-Startup Bao Solutions entwickelt Conversation-Intelligence-Systeme und konnte nun eine siebenstellige Summe von Business Angels einsammeln.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/64463\/bao-solutions-receives-millions-in-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bao Solutions erh\u00e4lt Millionen-Investment - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Das Salestech-Startup Bao Solutions entwickelt Conversation-Intelligence-Systeme und konnte nun eine siebenstellige Summe von Business Angels einsammeln.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/64463\/bao-solutions-receives-millions-in-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-23T13:41:00+00:00\" \/>\n<meta name=\"author\" content=\"Maximilian Feigl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maximilian Feigl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/64463\/bao-solutions-erhaelt-millionen-investment\/\",\"url\":\"https:\/\/cms.munich-startup.net\/64463\/bao-solutions-erhaelt-millionen-investment\/\",\"name\":\"Bao Solutions erh\u00e4lt Millionen-Investment - 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